flatexDEGIRO AG (OTCMKTS:FNNTF) Stock Short Interest Rises 62.8%

flatexDEGIRO AG (OTCMKTS:FNNTF) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 10,961 shares, an increase of 62.8% from the September 30th total of 6,731 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating on shares of flatexDEGIRO in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft lowered shares of flatexDEGIRO from a “buy” rating to a “hold” rating in a research report on Monday, October 12th. Morgan Stanley upgraded shares of flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 3rd. Finally, Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a research report on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

flatexDEGIRO Stock Performance

Shares of FNNTF stock remained flat at $27.10 during mid-day trading on Monday. 5 shares of the stock were exchanged, compared to its average volume of 15,366. flatexDEGIRO has a 52 week low of $27.10 and a 52 week high of $46.96. The firm’s fifty day moving average is $35.65 and its 200-day moving average is $39.26.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a European online brokerage and financial services company headquartered in Frankfurt, Germany. It operates primarily through the flatex and DEGIRO brands, providing retail investors with digital platforms for trading and investing in financial markets.

The company offers access to a broad range of investment products, including shares, exchange-traded funds, bonds, investment funds, derivatives and savings plans. Its services generally include online order execution, portfolio and account administration, market information, and related digital tools designed for self-directed investors.

flatexDEGIRO serves customers across multiple European countries through locally adapted platforms and regulatory arrangements.